DroneShield receives a record order

Source: DroneShield/Defence Industry Europe

DroneShield has received an all-time record purchase order for approximately a A$11 million for a government agency customer.

The order includes several different types of DroneShield counterdrone/CUAS equipment. A substantial part of the order is expected to be delivered shortly, with the remainder in late March 2023. A$11 million corresponds to the combined value of both phases of the project. Payment for each batch is expected to be received within a month of each delivery. The proceeds are expected to be received across March and June 2023 quarters.

“With this transformational next step in DroneShield’s growth, and as the counterdrone industry continues to rapidly grow, we look forward to rapidly fulfilling this contract,” said DroneShield CEO, Oleg Vornik.

“From the start of the Company 7 years ago, DroneShield has demonstrated a consistent progression, first by building and then refining its product suite along with global distributor network, then moving to customer demos, followed by initial smaller sales, repeat $1m+ sales, and now moving into $10m+ sales territory,” he added.

This large contract win follows a number of other recent wins for DroneShield in last couple of months. Other significant advancements include recommendation by the Joint Countersmall Unmanned Aircraft Systems Office (JCO) as part of the SAIC Team’s offering for deployment of its CounterUAS as a Service across US DoD, a SBIR project awarded by US DoD with partner Quantum Research International, the first US airport deployment among other deployments across US, European and other Government customers, and appointment to the Australian Department of Defence Intelligence, Surveillance, Reconnaissance and Electronic Warfare Standing Offer Panel.

Additionally, last month, DroneShield welcomed a A$3.7 million investment from Epirus Inc, a highgrowth U.S. defense technology company developing softwaredefined directed energy systems that enable unprecedented counterelectronics effects and power management solutions to optimize power efficiency in defense and commercial applications. This includes the LeonidasTM solidstate, softwaredefined highpower microwave (HPM) technology to enable unmatched counterelectronics effects for a range of use cases.

 

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